Workers’ Compensation Insurance from AmTrust Financial Services, Inc.
6 Things to Know about AmTrust’s Workers’ Comp Insurance video
Why Do Small Businesses Need Workers’ Compensation Insurance?
How Does Workers’ Compensation Insurance Work?
How Do I Get Workers’ Compensation Insurance and How Much Does It Cost?
Examples of Workers’ Compensation Claims
What Does Workers’ Compensation Cover?
What Does Workers’ Compensation Not Cover?
What is Worker’s Compensation video
How Do I File a Workers’ Compensation Claim?
How to Spot Workers’ Compensation Fraud
Workers’ Compensation FAQ’s
Q: Is Workers’ Compensation Insurance Mandated?
States like Georgia, Arkansas, and Michigan require workers’ compensation insurance for three or more employees, while states like Missouri, Tennessee, and Alabama require it for five or more. In Texas, workers’ compensation insurance is not required unless a company is contracting with a government entity.
Q: What Workers’ Compensation Laws Apply to a Business?
Q: How Do State Laws Differ for Workers’ Compensation?
Some states, like California, are “no-fault,” meaning injured employees don’t need to prove that their injury was the fault of someone else to receive benefits. In “fault” states, it’s necessary to demonstrate who was to blame for an accident, making the claim resolution process longer and more arduous.
In Illinois, for example, employers are obligated to inform the workers’ compensation insurance carrier if an employee is out for three days due to an injury. Other state requirements are different. In Georgia, an employee must be out of work for seven or more days before the employer is required to notify the Board of Workers’ Compensation.
Q: How Are Workers’ Compensation Rates Determined?
Premium rates determine the rates from each employee classification code, annual payroll, and the experience modification factor. Adding the annual premiums for all class codes will provide the estimated cost of annual workers’ comp insurance for the company’s entire staff.
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